ZB

Warnings inflation may go beyond expected 7pc peak

Author
Newstalk ZB,
Publish Date
Wed, 15 Jun 2022, 8:56am
Photo / NZ Herald
Photo / NZ Herald

Warnings inflation may go beyond expected 7pc peak

Author
Newstalk ZB,
Publish Date
Wed, 15 Jun 2022, 8:56am

If the food prices are any indicator, inflation may not have hit its peak yet.

Yesterday, we got the news that food prices were up almost 7 percent on last year, including a 10 percent increase in fruit and vegetables.

It puts into doubt the idea that inflation will peak this quarter at 7 percent.

ASB senior economist Mark Smith joined Mike Hosking.

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